June 12, 1990
TO: STATE SECURITIES MEMBERS NO. 16-90
RE: MASSACHUSETTS REQUIRES FILING OF SALES LITERATURE
__________________________________________________________
The Secretary of the Commonwealth of Massachusetts recently
promulgated a final regulation requiring that one copy of each
item of sales literature to be used in connection with the offer
or sale of a security in the Commonwealth must be filed with the
Director of the Securities Division either before or
simultaneously with its first use. Regulation 950 CMR 14.403(D)
is effective as of June 8, 1990. Previously, sales literature
was not required to be filed by mutual funds in Massachusetts.
Attached is a copy of the final regulation.
Patricia Louie
Assistant General Counsel
Attachment